RHC - Advisory Services
What we do
Family
Office
Management
We began this service in 2014 in response to our clients’ need for active family asset portfolio management. Since then, our advisory services scope has included:
- Advisory on asset allocation across different asset classes (equities, fixed income, other financial assets, real estate, etc.) designed to fit each client’s risk/return profile as well as their objectives and liquidity requirements;
- Advisory on selection of independent investment portfolio managers;
- Advisory on specific direct investment opportunities;
- Investment control and reporting, whereby we consolidate information and provide reporting to clients in a simple and user-friendly format.
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We Deliver!
Investment Projects
Financial Structuring
and Execution
Since starting our activity in 2008, we have provided independent advice to both corporate and individual clients within the following scope of work:
- Review and discussion of the business plan;
- Sensitivity analysis of the impact of key business drivers and risks;
- Risk/return analysis;
- Design of an appropriate financial structure;
- Independent advice on go/no go decisions;
- Coordination of multiple technical teams in due diligence processes;
- Support in funding negotiation and investment implementation;
- Support on financial and legal execution.
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We Deliver!
M&A
for
SMEs
Based on our prior international Investment Banking track record, we provide high quality Mergers & Acquisitions advisory work to small and medium size companies (SMEs) which are usually not covered by the leading international Investment Banking firms. In this area, our scope of work includes:
- Identification and selection of potential buyers for our selling clients;
- Identification and selection of acquisition/merger targets for our buying clients;
- Companies’ independent valuation;
- Advisory to our client on acquisition, merger or selling price setting;
- Advisory and support on negotiation strategy and execution process;
- Independent advice on go/no go decisions;
- Coordination of multiple technical teams in due diligence processes;
- Support on financial and legal execution.
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We Deliver!
SMEs
Financial
Restructuring
Small and medium size companies are, by their very nature, subject to significant management risks that can sometimes result in business diversions that may, in turn, lead to operational and financial distress. Our scope of work is focused on the financial side of the issue and we act only in cases where the operating profit is attractive and sustainable:
- Review of the company’s business plan;
- Sensitivity analysis of the business’s key drivers;
- Strong emphasis placed on balance sheet management, namely on sustainable levels of capex and working capital requirements;
- Regular dialogue with the company’s management team prior to proposing a final working business plan to be approved and “owned” by the management team;
- Following from the business plan, we design a financial structure that is sustainable for our client in terms of leverage, debt maturity and cost of debt;
- Advisory on debt renegotiation strategy and support on the negotiation process.
We recognise that, in many cases, SMEs’ financial distress can be caused not only by inappropriate financial management but, in many instances, also by operational problems. Whenever we identify the latter, we act jointly with strategic / operational advisors with whom we work very well as a partnership and have done so for more than a decade with a significant degree of success.
In these cases, our partner’s role precedes ours and aims at delivering an optimised operating business plan in which the identified operating problems are solved for or minimised such that the company acquires an attractive and sustainable operating profitability.
We Deliver!
Our approach
Full alignment
with our client’s
objectives
Once selected by our client and for each mandate we accept in every one of our business activities, we become fully committed to standing by our clients’ interests without hesitation and subject only to our ethics principles.
To ensure full alignment we make all efforts to accepting a mandate:
- Fully understand the potential client’s objectives and motivations;
- Fully assess our capability to deliver what and when the potential client needs and expects from us;
- Present a work mandate proposal that clearly identifies the client’s objectives, our scope of work, other parties involvement requirements, all parties (including the client) responsibilities, project preliminary/summary work schedule (when applicable) and our work costs and fees;
- Structure our fees in such a way that, whilst fair, it reinforces the alignment of objectives and incentives between ourselves and the client.
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We are fully aligned with our clients!
Focused
execution
We are committed to doing what we do well. Our background is a combination of experience both in industrial companies and leading domestic and international financial firms.
Our industrial experience has provided us with additional and highly valuable tools to better understand financial issues and their origins and implications.
We take pride in being fully focused on delivering first class financial analysis and execution work to achieve our clients’ objectives.
We are fully focused on delivering!
Joint approach
with other
focused teams
Being fully focused on what we do best means we are quick to recognise the need to involve other experts in some of the projects we decide to take on board, be those Strategic / Operational Consultants, Auditors, Lawyers or sector specific Technical Experts.
Whenever the need to involve other experts arises, we discuss that need with the client and make ourselves available to, based on our past experience, suggest and/or help to select who to hire, however the decision will always ultimately be made by the clients themselves.
Finally, in order to ensure seamless execution, we make ourselves available to coordinate the execution work to be performed by the multidisciplinary team that is ultimately put in place. For this to be effective, we rely on an extensive experience of project coordination within the members of our team.
We coordinate focused execution of deliverables by all involved!
Who we are
Rui Horta e Costa
Partner and Managing Director
Born in 1960, 34 years of professional experience, is currently:
- Non-executive Member of the Board of Agrocortex, the largest fully sustainable tropical forest operator in Brazil (192,000 ha under management in Acre, Brazil);
- Member of the Board of various SME companies representing RHCAS’s clients who have invested in those companies.
- Member of the Iberian Senior Advisory Board of Kearney;
- Managing Director of RHCAS, a company he has founded in 2008, and through which he has been advising various companies in their restructuring processes and investment and development projects, both in Portugal and abroad.
- Previously he was a Managing Director in UBS's Investment Banking Division in London and Head of the Utilities Team for Europe, Middle East and Africa (EMEA) and a Member of the Investment Banking Management Board for the EMEA Region. He led a significant number of high profile transactions in Europe during a total of 8 years at UBS in London, 6 years before he joined and 2 years after he left EDP.
- He has served for 6 years as Member of the Executive Board and CFO at EDP—Energias de Portugal. While at EDP he actively participated in the company's strategic change, having led the implementation of its re-focus in Iberia and accelerated growth in renewable energies, as well as the complete restructuring and ring fencing of EDP's Latin American businesses.
- At the beginning of his professional career, he worked for a period of 9 years in Portugal both in investment banking (MDM-Morgan, Deutsche & Mello; Finantia and Citibank), as well as in industry (Executive Board of Nutrinveste).
- Academic background: MBA (University of Minnesota, USA), Economics Graduate (Catholic University - Lisbon, Portugal).
Mariana Champalimaud
Senior Financial Adviser
and Director
Born in 1976, 20 years of professional experience, is currently:
- Member of the Board of various SME companies representing RHCAS’s clients who have invested in those companies.
- Senior Financial Adviser acting in the analysis, evaluation and structuring of projects in Portugal, Brazil, Angola and Mozambique (both greenfield and brownfield), in different sectors such as, renewable energies, bioenergy, cell therapies, salt extraction, sustainable timber growing and real estate. Also active in the financial restructuring of companies in the food, recycling, chemical packaging and insurance sectors as well as in helping fundraising actions whenever needed.
- Recently, after defining its structure and strategic goals, she has been actively managing a family office, playing an important role as board member of several companies within the family scope of interests as well as helping in all of the different aspects of companies’ general management.
- Previously held positions in Investment Banking for 12 years, in particular in the areas of Project Finance and Corporate Finance, with more than 60 projects in various economic sectors (mainly in the infrastructure sectors), at national and international level, involving more than € 30 billion invested.
- Academic background: Economics Graduate (University of Oporto – FEUP).
Where we are
Office Location
and Contacts
Avenida Eng.º Duarte Pacheco
19, 11º Dto.
1070-101 Lisboa, Portugal
T +351 213 863 384
info@rhcas.pt
We’re here for you